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[Teyo69] T1 ATR Standard Deviation Breakout Bands

🧭 OVERVIEW
[Teyo69] T1 ATR Standard Deviation Breakout Bands is a breakout tool designed to detect volatility-driven price expansion beyond statistically significant zones. It calculates real-time ATR-based standard deviation bands, dynamically tracking breakout conditions with adjustable smoothing. With flexible moving average types and the Kijun-sen as the default baseline, this indicator is built for traders who want to avoid fakeouts and only engage when volatility confirms conviction.
✨ FEATURES
🎯 HOW TO USE
⚙️ CONFIGURATION
⚠️ LIMITATIONS
💡 ADVANCED TIPS
📓 NOTES
[Teyo69] T1 ATR Standard Deviation Breakout Bands is a breakout tool designed to detect volatility-driven price expansion beyond statistically significant zones. It calculates real-time ATR-based standard deviation bands, dynamically tracking breakout conditions with adjustable smoothing. With flexible moving average types and the Kijun-sen as the default baseline, this indicator is built for traders who want to avoid fakeouts and only engage when volatility confirms conviction.
✨ FEATURES
- Utilizes ATR standard deviation for real-time volatility band calculations
- Supports multiple moving average types (EMA, SMA, WMA, etc.) including Kijun-sen by default
- Adjustable ATR multiplier to fine-tune breakout sensitivity
- Fully configurable length inputs and MA source types
- Identifies long opportunities when price closes above the upper band
- Identifies short opportunities when price closes below the lower band
- Ideal for trend continuation, momentum breakouts, and volatility-based filtering
🎯 HOW TO USE
- Apply the indicator on your preferred timeframe (works best on trending conditions).
- Set your baseline MA to match your system (default: Kijun-sen).
- Adjust the ATR period and multiplier to balance sensitivity vs. noise.
- Go long when the close breaks above the upper standard deviation band.
- Go short when the close breaks below the lower standard deviation band.
- Use Markers signals to highlight breakout moments.
- Can also be used to identify if price is ranging when it is in the gray area of the indicator
⚙️ CONFIGURATION
- Length: Period for the moving average and ATR
- MA Type: Choose from EMA, SMA, WMA, or Kijun-sen
- ATR Multiplier: Controls how wide the breakout bands are
- Source: Price type used for calculations (default: close)
⚠️ LIMITATIONS
- Standard deviation assumes price is statistically normal — not always true during news spikes
- Band expansion does not guarantee follow-through — use in conjunction with volume or trend filters
💡 ADVANCED TIPS
- Combine with a trend filter (e.g., 200 EMA) to trade only in the direction of the dominant trend
- Use wider ATR multipliers on lower timeframes to reduce noise
- Pair with oscillators (e.g., RSI, MACD) for breakout + momentum confluence setups
- For scalping, reduce the length but widen the multiplier slightly
📓 NOTES
- The standard deviation of ATR is used to capture how volatile volatility itself is. This reveals when the market is entering statistically significant price expansion.
- Why this matters: Standard deviation is a core statistical tool for understanding distribution outliers. When price exceeds the upper band, it is outside normal volatility expectations — signaling potential breakout strength.
- This indicator applies breakout theory to volatility, not just price action, offering a unique edge over classic Bollinger or Keltner bands.
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。